Mirae Asset Midcap Fund Direct Growth

Mirae Asset Midcap Fund Direct Growth

Equity

Mirae Mutual Fund

Mid-Cap

Get the latest NAV of Mirae Asset Midcap Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹35.66

▲3.4%1D

NAV as on 12 May 2025

24.57%/per year

Since Inception

Absolute Gain%

▲▼

8249 people have invested ₹ 5.7Cr in Mirae Asset Midcap Fund Direct Growth in the last three months

Mirae Asset Midcap Fund Performance vs. Nifty Midcap 150

Fund returns vs Benchmark returns vs Category Average returns as on (12-May-25)

The fund has underperformed the benchmark (Nifty Midcap 150) over the last 1Y, 3Y, 5Y time periods.

Period
This Fund
Nifty Midcap 150
Category Avg
1 Month
8.64%
9.23%
8.75%
3 Months
7.76%
8.34%
7.25%
6 Months
-3.69%
-1.11%
-2.76%
1 Year
6.76%
10.36%
11.01%
3 Years
22.41%
26.42%
25.21%
5 Years
32.35%
32.98%
30.93%

Mirae Asset Midcap Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

15
/19
44% Performance
32% Risk Management
68% Cost

Ranked 15 out of 19 mutual funds in the mid-cap category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Mirae Asset Midcap Fund
15/19
15,415Cr
0.6%
6.76%
22.41%
24.57%
HDFC Mid Cap Opportunities Fund Direct Growth
2/19
72,610Cr
0.89%
13.84%
30.95%
21.06%
Motilal Oswal Midcap Fund Direct Growth
3/19
27,780Cr
0.68%
21.51%
34.04%
24.11%
Nippon India Growth Fund Direct Growth
4/19
34,690Cr
0.8%
14.76%
29.45%
18.83%
See all
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Beats FD returns for both 3Y & 5Y
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Poor track record of protecting capital in bear phase
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3Y returns in the bottom 25% of the category

Mirae Asset Midcap Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

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Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Mirae Asset Midcap Fund Asset Allocation

See fund asset allocation details as on (15-Apr-25)

Fund Distribution

as on (15-Apr-25)

Equity 98.7%

Debt & Cash 1.3%

Mid cap
69.9%
Small cap
19.2%
Large cap
9.6%
Large Cap allocation has gone down from 10.1% to 9.6%
Large Cap allocation has gone down from 10.1% to 9.6%
Small Cap allocation has gone down from 21.7% to 19.2%
Small Cap allocation has gone down from 21.7% to 19.2%
Mid Cap allocation has gone up from 67.4% to 69.9%
Mid Cap allocation has gone up from 67.4% to 69.9%
Cash allocation has gone up from 0.8% to 1.3%
Cash allocation has gone up from 0.8% to 1.3%

Mirae Asset Midcap Fund Sector Allocation

See fund sector allocation details as on (15-Apr-25)

Sector Allocation

Equity 98.7%

Debt & Cash 1.3%

Consumer Cyclical
20.3%
Financial Services
18.8%
Industrial
15.2%
Health
12.8%
Basic Materials
12.1%
Tech
6.3%
Communication
4.7%
Utilities
3.8%
Real Estate
2.7%
Energy
2.1%
Consumer Defensive
1.2%

Top 3 Sectors in March were Financial Services, Consumer Cyclical & Industrial

Mar'25

Financial Services

22%

Consumer Cyclical

18%

Industrial

14%

Feb'25

Financial Services

22%

Consumer Cyclical

17%

Industrial

15%

Mirae Asset Midcap Fund Holdings Details

as on (30-Apr-25)

Equity

Holdings
Weight%
1M Change
The Federal Bank Ltd
3.15%
-2%
Lupin Ltd
3.02%
6.9%
Mphasis Ltd
2.66%
6.1%
One97 Communications Ltd
2.36%
-4.8%
Tata Communications Ltd
2.32%
4.9%
See all
Top Stocks bought last month
Bharat Forge Ltd's allocation increased from 1.35% to 2.07%
Bharat Forge Ltd's allocation increased from 1.35% to 2.07%
Voltas Ltd's allocation increased from 1.73% to 2.26%
Voltas Ltd's allocation increased from 1.73% to 2.26%
Dalmia Bharat Ltd's allocation increased from 1% to 1.53%
Dalmia Bharat Ltd's allocation increased from 1% to 1.53%
Top Stocks sold last month
The Federal Bank Ltd's allocation decreased from 3.2 % to 3.15 %
The Federal Bank Ltd's allocation decreased from 3.2 % to 3.15 %
One97 Communications Ltd's allocation decreased from 2.44 % to 2.36 %
One97 Communications Ltd's allocation decreased from 2.44 % to 2.36 %
HDFC Asset Management Co Ltd's allocation decreased from 2.22 % to 2.15 %
HDFC Asset Management Co Ltd's allocation decreased from 2.22 % to 2.15 %

Mirae Asset Midcap Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.6%
Benchmark
Nifty Midcap 150 TR INR
AUM₹15415 Cr
Inception Date29 July, 2019
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
33.32%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Mirae Asset Midcap Fund

Mirae Asset Midcap Fund Direct Growth is an equity fund. This fund was started on 29 July, 2019. The fund is managed by Ankit Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Midcap Fund Direct Growth has ₹15415 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mirae Asset Midcap Fund Direct Growth has given a CAGR return of 24.57% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.76%, 22.41% and 32.35% respectively.

Holdings

Mirae Asset Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Basic Materials, Tech, Utilities, Communication, Real Estate, Consumer Defensive, Energy. Its top holdings are The Federal Bank Ltd, Lupin Ltd, Mphasis Ltd, One97 Communications Ltd, Tata Communications Ltd

Taxation

As it is a mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Mirae Asset Midcap Fund Direct Growth

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of midcap companies. From time to time, the fund manager may also participate in other Indian equities and equity related securities for optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Midcap Fund Direct Growth has no lock in period.

Fund Manager

Ankit Jain

Fund Manager of Mirae Asset Midcap Fund Direct Growth, since 29 July 2019

Learn more about Mirae Mutual Fund
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 14.9K Cr
₹ 13.8K Cr
₹ 15.5K Cr
  • AUM of the fund stands at 14.9K Cr as of Mar'25
  • AUM increased by 1.1K Cr between Mar'25 and Feb'25

Compare Mirae Asset Midcap Fund

Mirae Asset Midcap Fund

VS

HDFC Mid Cap Opportunities Fund Direct Growth

Frequently Asked Questions for Mirae Asset Midcap Fund Direct Growth

What is the current NAV of Mirae Asset Midcap Fund Direct Growth?

The current NAV of Mirae Asset Midcap Fund Direct Growth is ₹35.66 as on 12-May-2025.

What are the average returns of Mirae Asset Midcap Fund Direct Growth?

Existing (Absolute + CAGR) as on 12-May-2025.
Mirae Asset Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.64%
8.64%
6 Month Returns
-3.69%
-3.69%
1 Year Returns
6.76%
6.76%
3 Years Returns
83.41%
22.41%

How do I invest in Mirae Asset Midcap Fund Direct Growth?

With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.

What is the expense ratio of Mirae Asset Midcap Fund Direct Growth?

0.6% as on April 2025

What is net assets under management (AUM) of Mirae Asset Midcap Fund Direct Growth?

₹15415 Cr as on April 2025

What are the top 5 holdings of Mirae Asset Midcap Fund Direct Growth?

The Federal Bank Ltd(3.15%), Lupin Ltd(3.02%), Mphasis Ltd(2.66%), One97 Communications Ltd(2.36%), Tata Communications Ltd(2.32%) as on April 2025

What are the top 3 sectors that this Mirae Asset Midcap Fund Direct Growth has invested in?

Financial Services(21.99%), Consumer Cyclical(18.26%), Industrial(13.76%) as on April 2025

What is the alpha of Mirae Asset Midcap Fund Direct Growth?

The alpha ratio for the Mirae Asset Midcap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Midcap Fund Direct Growth
-2.23
-2.99
0.27
As on April 2025
The alpha for Mirae Asset Midcap Fund Direct Growth is calculated against Nifty Midcap 150 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.

What is the beta of Mirae Asset Midcap Fund Direct Growth??

The Beta ratio for the Mirae Asset Midcap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Midcap Fund Direct Growth
1.03
0.97
0.93
As on April 2025
The Beta for Mirae Asset Midcap Fund Direct Growth is calculated with Nifty Midcap 150 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.

What is the sharpe ratio of Mirae Asset Midcap Fund Direct Growth?

The sharpe ratio for the Mirae Asset Midcap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mirae Asset Midcap Fund Direct Growth
-0.07
0.67
1.37
As on April 2025
The sharpe ratio for Mirae Asset Midcap Fund Direct Growth is calculated with Nifty Midcap 150 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.

What is the standard deviation of Mirae Asset Midcap Fund Direct Growth?

The standard deviation for the Mirae Asset Midcap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mirae Asset Midcap Fund Direct Growth
20.44
17.1
16.51
As on April 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.

What is the Sortino ratio of Mirae Asset Midcap Fund Direct Growth?

Sortino ratio is 1.08 as on April 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.

Who is the manager of Mirae Asset Midcap Fund Direct Growth?

Ankit Jain is the fund manager of Mirae Asset Midcap Fund Direct Growth

What is the exit load of Mirae Asset Midcap Fund Direct Growth?

The Exit load of Mirae Asset Midcap Fund Direct Growth is 1%